QUESTION 5 We run regressions of the excess returns of the two portfolios (Value and Growth) on the market excess return and obtain the following results. The numbers in brackets are the t-statistics. Portfolio Intercept MKT R-squared Value 0.048 (2.54) 0.95 (16.65) 0.86 Growth -0.012 (3.10) 1.11 (20.42) 0.91 What is the value premium after controlling for CAPM? A. 0.06 B. 0.048 OC. 0.036 OD.0.064 OE. 0.16 QUESTION 5 We run regressions of the excess returns of the two portfolios (Value and Growth) on the market excess return and obtain the following results. The numbers in brackets are the t-statistics. Portfolio Intercept MKT R-squared Value 0.048 (2.54) 0.95 (16.65) 0.86 Growth -0.012 (3.10) 1.11 (20.42) 0.91 What is the value premium after controlling for CAPM? A. 0.06 B. 0.048 OC. 0.036 OD.0.064 OE. 0.16